Robert Mitchell is the owner and Managing Partner of OneBooks a virtual (online) bookkeeping company.  Robert has over 40 years of financial and operational experience in companies such as CBS, World Wrestling Entertainment, and Hebalife. Robert is also a Quickbooks Advanced ProAdvisor.

Here Are 5 Reasons You Should Hire a Quickbooks ProAdvisor

When starting a small business, there are many things that need attention to make sure that it is primed for success. This includes advertising, creating and maintaining an online presence, hiring and training new employees, and planning for continued revenue growth. However, there is one job that can make or break a small business, and that is bookkeeping. An expert bookkeeper is necessary to make sure all financial matters are kept track of. Their responsibilities include keeping a meticulous eye on cash flow, recording all transactions, and making sure the business is aligned with the current laws and tax codes.

Some businesses choose to have an onsite bookkeeper that they hire and train themselves. However, this can eat up a lot of resources, something that a fledging business must use wisely. An in-house bookkeeper needs office space, computer equipment, and up-to-date software, which all costs money. Instead of all those extra costs, many businesses choose to use a virtual Quickbooks ProAdvisor for all their business needs.  And if you are like many small businesses that have fallen behind when it comes to keeping up with your bookkeeping there are also companies that provide QuickBooks catch-up services.

5 Reasons Small Businesses Hire Quickbooks ProAdvisor

1. Save Money. A virtual bookkeeper does not require office space or supplies and comes with full knowledge of Quickbooks and the best business practices. Businesses can leave worries about salaries, payroll taxes, and employee benefits to a virtual ProAdvisor bookkeeper. A trustable virtual bookkeeper will offer their services at a flat monthly rate.

2. Organization. If you are a small business owner utilizing a ProAdvisor, all your bank statements and other financial documents will be uploaded to your advisor, where they will record the information into their Quickbooks software. According to Forbes, business owners can spend up to 24 hours on their taxes each year. This can be attributed partially to the fact that many first-time business owners take the “unwise and risky approach of letting their receipts, statements, invoices and bills pile up without ever really recording them”—something Forbes calls “a recipe for disaster.”

A Quickbooks ProAdvisor will reconcile all your financial statements and make sure to organize your income and expenses in an easy-to-understand manner. This information will be recorded in real-time and will always be accurate. This will save you time and let you put your energy into more important aspects of a thriving business.

3. Staying Up-to-Date with The Law. Tax laws are always changing, and trusting a bookkeeper who is not aware of the current laws can cause your business to make costly mistakes. A Quickbooks Virtual ProAdvisor is certified and will always educate themselves on any changes in tax laws.

4. Maximize Deductions. Expert virtual bookkeepers make sure your business never overpays in taxes. Every dollar counts when it comes to small businesses. At the end of the year, they will thoroughly review financial statements and work to get you your returns as fast as possible.

5. Immediate Benefits. If your small business finds itself struggling with bookkeeping, a Quickbooks Online Bookkeeper can help you sort your finances out, starting immediately. There is no reason that you need to spend time worrying about books that aren’t balancing. Once you hire a ProAdvisor, they can get things straightened out, even if you are years behind.